Key Highlights

  • NorthEast Community Bancorp’s $0.25 quarterly Dividend trades ex-dividend October 9, 2026, with payment on or about November 13.
  • Second-quarter Net Income was $9.8 million, or $0.72 per diluted share, compared with $11.2 million, or $0.82.
  • Net interest Margin was 5.14%, compared with 5.35%, and the efficiency ratio was 41.99%, compared with 40.52%.
  • Non-performing loans and Non-Performing Assets were $0 at June 30, 2026, and the allowance was 0.25% of loans.

NorthEast Community Bancorp, Inc. (NASDAQ:NECB) declared a quarterly Cash Dividend of $0.25 per common share, a Yield of 3.66%, payable on or about November 13 to shareholders of record on October 9, 2026. The $0.25 amount equals 34.7% of second-quarter diluted EPS of $0.72. Second-quarter net income was $9.8 million.

Dividend Program and Shareholder Returns

The company announced the $0.25 quarterly cash dividend on September 23, 2026. The shares trade ex-dividend on October 9.

On June 18, 2026, the company announced an increase of $0.05 per share, or 25%, from $0.20 to $0.25, payable on or about August 6 to holders of record on July 7. The $0.25 quarterly amount equals $1.00 on an annualized basis, a computed figure. Dividends declared were $6.0 million for the first six months. Each dividend remains subject to board approval.

About the Company

NorthEast Community Bancorp, Inc. is a bank holding company. At June 30, 2026, total assets were $2,115,183 thousand, compared with $2,063,508 thousand at December 31, 2025. Net loans were $1,915,007 thousand, deposits were $1,536,543 thousand, and stockholders’ Equity was $362,568 thousand, with 13,771,951 shares outstanding.

Second-Quarter Earnings and Margin

Net income was $9.8 million ($9,795 thousand), compared with $11.2 million ($11,170 thousand), and diluted EPS was $0.72, compared with $0.82. For six months, net income was $19.7 million, compared with $21.7 million, and diluted EPS was $1.46, compared with $1.60.

Net interest income was $24.7 million ($24,650 thousand), compared with $25.1 million ($25,074 thousand). The net interest margin was 5.14%, compared with 5.35%. Return on average equity was 10.81%, compared with 13.37%. Total Credit loss expense was $860 thousand, with none in the second quarter of 2025. The allowance was $4,752 thousand, or 0.25% of total loans, unchanged from December 31. For six months, the efficiency ratio was 42.81% and return on average equity was 10.97%.

Construction Lending and Balance Sheet

Construction loans on the Balance Sheet were $1,403,562 thousand, up $67.2 million from $1,336,329 thousand at December 31. Total unfunded construction loan commitments exceeded $883 million, a 30.0% increase from December 31. Construction loan commitments and loans-in-process rose about 38.9% from the second quarter of 2025.

Six-month originations were $653.2 million, including $606.7 million of construction loans, of which $262.7 million, or 43.3%, was disbursed at closing.

Deposits, Borrowings and Repurchases

Non-interest-bearing deposits were $325,415 thousand, compared with $271,924 thousand, while total deposits fell from $1,616,901 thousand. Borrowings were $190,000 thousand, compared with $70,000 thousand.

Under a repurchase program targeting 1,400,435 shares, the company repurchased 239,894 shares at a cost of $5.6 million through June 30. Shares outstanding fell from 13,963,432 to 13,771,951 over six months.

Dividend and Earnings Relationships

Six-month dividends declared of $6.0 million equal 30.4% of six-month net income of $19.7 million, a computed ratio.

Net loans rose $59.4 million and total assets rose $51.7 million from December 31, both computed. Net income fell 12.3% in the quarter, and the net interest margin fell 21 basis points, both computed.

Outlook

NorthEast Community Bancorp’s $0.25 quarterly dividend is payable on or about November 13 to shareholders of record on October 9, 2026. The 5.14% net interest margin, the $883 million of unfunded construction commitments, the zero non-performing loans, and the pace of share repurchases are the relevant considerations.